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The Young Turks Score $4 Million in Equity Funding

TYTCEnkuygurHeadshotThe most intriguing aspect of today’s TYT Network news is the background of the person at the head of equity fund Roemer, Robinson, Melville & Co.

Buddy Roemer is a former Louisiana Governor and, as such, has delivered to the former Current TV and current Internet gang the group’s first non-crowd-funded cash. From today’s announcement:

“RRM has been looking for two years to find the best platform in New Media in which to invest,” said Roemer. “We believe TYT will be one of the critical players moving forward in a new media world – edgy, unfiltered news commentary at its best. They are a lot like me, sometimes wrong but never in doubt.”

Added show host, co-founder Cenk Uygur: “While we don’t necessarily agree on politics, Buddy and TYT both understand money’s damaging influence on our government. Buddy and RRM support TYT Network’s mission to bring our viewers the unrestricted truth and analysis of the world’s news – from politics to movies, pop culture, sports and more.”

TYT Network currently generates upwards of 68 million monthly YouTube views and recently pacted with Hulu for 30-minute versions of The Young Turks and PopTrigger. The deal with RRM comes with an option to double the funding amount to $8 million.

[Photo of Uygur: Isaac Matthew White]

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